FIVE one kilogram ingots of silver sat between almost $8,000 in cash and sharpened throwing knives on evidence bags in the police lock-up.

The haul was recovered after a raid on McCauley Street in Lismore, and brings the total number of raids in the Lismore region this week to six as part of Operation Butcher.

More worryingly police located Methylamphetamine, Ketamine, and handcuffs at a property in Modanville, and 18 grams of Methylamphetamine at the raid on an Alstonville property.

Detective Inspector Cameron Lindsay said that police will allege the $8,000 in cash are the proceeds of crime.

"This is a good example of information from the public helping to stop this ongoing scourge within our community," he said.

"There is some pretty nasty weaponry in the hands of people we will allege that are utilising or using ice.

"We will allege that this is part of an ongoing supply of ice in this area."

Operation Butcher saw two search warrants carried out earlier in the week in Goonellabah and two search warrants - one in McLeans Ridges, one in Alstonville.

As a result of the raids today a 41-year-old North Lismore man will be charged with two counts of Possess Prohibited Drug, one count of supply Prohibit Drug, Goods in Custody and Deal With Proceeds of Crime.

A 40-year-old Lismore man will be charged with two counts of Possess Prohibited Drug.

A Modanville man will be charged with several offences relating to drugs and weapons.

Detective Inspector Cameron Lindsay said the area could expect more raids based on the information received so far.